Bank USA recently purchased $$10\mathrm{.}8$ million worth of euro$-$denominated one$-$year CDs that pay $11$ percent interest annually. The current

spot rate of U$.$S$.$ dollars for euros is $$1\mathrm{.}104$ per $.$

a$.$ Is Bank USA exposed to an appreciation or depreciation of the dollar relative to the euro?

b$.$ What will be the return on the one$-$year CD if the dollar appreciates relative to the euro such that the spot rate of U$.$S$.$ dollars for

euros at the end of the year is $$1\mathrm{.}004$ per $?$

Note: Do not round intermediate calculations. Round your answer to $3$ decimal places. $($e$.$g$.,32\mathrm{.}161)$

c$.$ What will be the return on the one$-$year CD if the dollar depreciates relative to the euro such that the spot rate of U$.$S$.$ dollars for

euros at the end of the year is $$1\mathrm{.}204$ per $??$

Note: Do not round intermediate calculations. Round your answer to $3$ decimal places. $($e$.$g$.,32\mathrm{.}161)$